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Navigating Retirement: A Guide for Americold Realty Trust Employees

'Americold Realty Trust employees should carefully evaluate how state-to-state cost differences can reshape their retirement goals, as geographic decisions play a major role in long-term planning,' – Patrick Ray, a representative of The Retirement Group, a division of Wealth Enhancement Group.

'Americold Realty Trust employees can benefit from comparing state and international living costs to align their retirement plans with locations that support their long-term financial goals,' – Michael Corgiat, a representative of The Retirement Group, a division of Wealth Enhancement Group.

In this article, we will discuss:

The financial requirements for a comfortable retirement across different U.S. states— How location impacts the savings needed for retirement.
Affordable and expensive retirement destinations— A comparison of high-cost states like Hawaii versus budget-friendly states such as Arkansas.
Alternative retirement options, including international living— Exploring cost-effective retirement choices abroad.

Many Americold Realty Trust employees will retire after decades of service and careful financial planning. What is needed to retire comfortably varies greatly state by state, and some places require much larger reserves.

What Does Your Retirement Need?

GoBankingRates recently researched the amount needed to retire comfortably and found it to be fairly conservative. It uses data from the Federal Reserve Economic Data, the Zillow Home Value Index and the Social Security Administration.

The report examines savings needed for each age bracket assuming retirement at 65 and age 85. That assumes average Social Security payments of around USD 1,876 per month per person, which accounts for the required 20-year savings.

Cost Variations by State

For Americold Realty Trust workers in New Jersey, Colorado and Maryland, more than USD 1 million may be needed to live comfortably after retirement. The most expensive state is Hawaii, which requires more than USD 3 million in estimated savings to cover retirement costs including Social Security benefits.

Conversely, states like Arkansas and Mississippi have more modest retirement scenarios with estimated savings needs of less than USD 500,000. Such areas might attract retirees who want affordability with a desirable lifestyle.

Considering International Retirement?

Those open to living abroad find Mexico and Portugal an economical but fulfilling retirement option. Lower living costs, tax incentives and structured residency programs may all help with financial security in retirement.

Choosing the Right Location

Americold Realty Trust professionals need to consider geographic options and how they affect long-term financial security. For more on state-specific retirement affordability, visit GoBankingRates (link).

It also names top U.S. cities for retirement - Naples, Florida, or Sun City, Arizona. There is affordability, quality healthcare and a strong community life in these locations - factors that are becoming more important for retirement planning.

Final Thoughts

Americold Realty Trust workers may want to read the latest GoBankingRates findings about what retirement savings are needed. This analysis details financial considerations for a secure retirement - whether in West Virginia or Hawaii - a high-cost financial destination.

Planning for retirement is preparing for an extended voyage. As sailors map their routes and anticipate changes in the sea, so must retirees navigate financial landscapes to create a structured retirement plan. All states have their advantages and disadvantages, like the conditions that mariners face.

Articles you may find interesting:

Source:

1. Kiplinger Staff. The Minimum Savings You Need To Retire in All 50 States . Kiplinger, Nov. 2024, www.kiplinger.com/retirement/social-security/minimum-savings-to-retire-by-state . Accessed 15 Apr. 2025.

2. International Living Staff. Best Places to Retire in 2025: The Annual Global Retirement Index . International Living, 28 Nov. 2024, internationalliving.com/the-best-places-to-retire/. Accessed 15 Apr. 2025.

3. AARP Staff. “9 Great Affordable Places to Retire Abroad.” AARP , Feb. 2025, www.aarp.org/retirement/planning-for-retirement/info-2025/places-to-retire-abroad-cheap.html . Accessed 15 Apr. 2025.

4. Csiszar, John. “15 Most Affordable Places To Retire Abroad.” Nasdaq , 25 Aug. 2024, www.nasdaq.com/articles/15-most-affordable-places-retire-abroad . Accessed 15 Apr. 2025.

4. Investopedia Staff. Retirement Living Costs: These 6 States Will Drain Your Savings the Fastest . Investopedia, Nov. 2024, www.investopedia.com/most-expensive-states-to-retire-8729918 . Accessed 15 Apr. 2025.

What type of retirement savings plan does Americold Realty Trust offer to its employees?

Americold Realty Trust offers a 401(k) retirement savings plan to its employees.

Does Americold Realty Trust match employee contributions to the 401(k) plan?

Yes, Americold Realty Trust provides a matching contribution to employee 401(k) plan contributions, subject to certain limits.

What is the eligibility requirement for employees to participate in Americold Realty Trust's 401(k) plan?

Employees of Americold Realty Trust are typically eligible to participate in the 401(k) plan after completing a specified period of service.

Can employees of Americold Realty Trust choose how their 401(k) contributions are invested?

Yes, employees of Americold Realty Trust can choose from a variety of investment options for their 401(k) contributions.

What is the maximum contribution limit for the Americold Realty Trust 401(k) plan?

The maximum contribution limit for the Americold Realty Trust 401(k) plan is subject to IRS limits, which may change annually.

Does Americold Realty Trust allow for catch-up contributions in its 401(k) plan?

Yes, Americold Realty Trust allows employees aged 50 and older to make catch-up contributions to their 401(k) plan.

What happens to my 401(k) balance if I leave Americold Realty Trust?

If you leave Americold Realty Trust, you can choose to roll over your 401(k) balance to another retirement account, cash it out, or leave it in the Americold Realty Trust plan if permitted.

Are loans available against the 401(k) plan at Americold Realty Trust?

Yes, Americold Realty Trust allows eligible employees to take loans against their 401(k) balance under certain conditions.

How often can employees change their contribution amounts to the Americold Realty Trust 401(k) plan?

Employees of Americold Realty Trust can typically change their contribution amounts at any time, subject to plan rules.

Is there a vesting schedule for the employer match in the Americold Realty Trust 401(k) plan?

Yes, Americold Realty Trust has a vesting schedule for the employer match, which means employees must work for a certain period to fully own the matched funds.

Additional Articles

Check Out Articles for Americold Realty Trust employees

For more information you can reach the plan administrator for Americold Realty Trust at 10 Glenlake Parkway, Suite 800, Atlanta, GA 30328; or by calling them at (770) 418-9288.